The Real Deal New York

Chelsea neighborhood news

  • Modern-19

    Rendering of 138 West 19th Street

    Developer Erez Itzhaki has wrapped construction on new boutique Chelsea development known as Modern 19.

    Last month, Shlomi Reuveni of Brown Harris Stevens Select was hired to market the six floor-through units and a duplex penthouse at 138 West 19th Street, as The Real Deal reported. The project is a sister to Modern 23 at 350 West 23rd Street in Chelsea. But Itzhaki has yet to decide whether wants the units to be condominiums or rentals. [more]

  • Rendering of the Abington House

    Rendering of the Abington House

    The Related Companies and Abington Properties kicked of leasing at the Abington House on the High Line Monday. [more]

  • 555-6

    Rendering of 555 Sixth Avenue

    Stonehenge Partners has inked a deal with its first retail tenant at the newly-constructed 555 Sixth Avenue. The inaugural tenant, Boutique Fitness Experience (BFX) Studio, is a high-end, high-concept personal fitness company. [more]

  • 500 West 21st Street condos hit the market

    February 27, 2014 06:36PM
    Renderings of 500 West 21st Street

    Renderings of 500 West 21st Street

    Sherwood Equities’ 500 West 21st Street’s first seven condominium units are now on the market — and three are already in contract. [more]

  • Renderings of 505 West 19th Street

    Renderings of 505 West 19th Street

    New renderings and pricing details for HFZ Capital’s High Line buildings, designed by architect Thomas Juul-Hansen, have surfaced. [more]

  • Clockwise from left: Regus CEO Mark Dixon, WeWork CEO Adam Neumann and a WeWork space at 175 Varick Street

    Clockwise from left: Regus CEO Mark Dixon, WeWork CEO Adam Neumann and a WeWork space at 175 Varick Street

    (For related story, see “Space invaders: The five biggest shared space providers in NYC)

    Late last month, shared office space provider WeWork, founded by pony-tailed Kabbalah practitioner Adam Neumann, made its second foray into Midtown South. WeWork’s 115,000-square-foot deal at 113-133 West 18th Street put it in a prime position to lure startups looking to bask in the tech-crazed aura of Twitter, which recently announced it would set up its New York headquarters just a block away at 245-249 West 17th Street. [more]

  • Renderings of 500 West 21st Street

    Renderings of 500 West 21st Street

    The long-stalled residential condominium project at High Line-adjacent 500 West 21st Street is gathering steam — the property’s teaser site appeared Wednesday. [more]

  • From left: Stephen Powers and 540 West 21st Street

    From left: Denham Wolf Real Estate’s Stephen Powers and 540 West 21st Street

    Nonprofit feeder fund the Atlantic Foundation, founded by an heir to the Johnson & Johnson fortune, has unloaded a High Line-adjacent site for $50 million. [more]

  • Chelsea Triangle

    Chelsea Triangle

    Commercial landlords in Chelsea and the Meatpacking District may soon have to pony up cash to fund a proposed $1.6 million Business Improvement District. The BID, which would need City Council and mayoral signoff, would merge the two neighborhoods’ improvement associations and provide services such as sanitation and public safety. [more]

  • 113-133 West 18th Street (Credit: PropertyShark) and Adam Neumann

    113-133 West 18th Street (Credit: PropertyShark) and Adam Neumann

    To better reap the rewards of Midtown South’s flourishing tech scene, Adam Neumann’s WeWork is taking about 115,000 square feet at 113-133 West 18th Street, The Real Deal has learned. The shared office specialist will set up shop about a block away from Twitter’s new headquarters. [more]

  • 550 West 20th Street

    550 West 20th Street

    The state is seeking developers for Bayview Correctional Facility, a former women’s prison located at West 20th Street and 11th Avenue in Chelsea that was officially shuttered back in August.

    Developers have previously expressed interest in turning the site into luxury condominiums or even a hotel, but but state officials aren’t interested in residential uses. Instead, they want a project that would stimulate job growth in the neighborhood. Some developers, however, are skeptical about converting the property, at 550 West 20th Street, into office space, citing its low ceilings, tiny windows and small floor plates. [more]

  • 212 West 18th Street (Rendering at right credit: Neoscape)

    Walker Tower’s crown jewel, otherwise known as Penthouse One, has closed for $50.9 million. [more]

  • From left: Chelsea Market at 75 Ninth Avenue, Google's Larry Page and Sergey Brin and 111 Eighth Avenue

    From left: Chelsea Market at 75 Ninth Avenue, Google’s Larry Page and Sergey Brin and 111 Eighth Avenue

    Google is expanding further at Jamestown Properties’ Chelsea Market, The Real Deal has learned. The search giant is taking 17,658 square feet on the second floor of the 75 Ninth Avenue building, where it now has over 300,000 square feet. [more]

  • Sushi Seki at 1143 First Avenue

    Sushi Seki at 1143 First Avenue

    A trendy Upper East Side sushi joint is expanding to Chelsea.

    Sushi Seki, which opened at 1143 First Avenue in 2002 and has won over the likes of Daniel Boulud and Gordon Ramsay, will open at 208 West 23rd Street. [more]

  • Google's 111 Eighth Avenue NYC headquarters

    Google’s 111 Eighth Avenue NYC headquarters

    Tech giant Google scored more than $21 million in real estate tax savings during the past two years, thanks to an unusual intervention on the part of City Finance Department. [more]

  • From left: Joseph Chetrit, Hotel Chelsea and Ed Scheetz

    From left: Joseph Chetrit, Hotel Chelsea at 222 West 23rd Street and Ed Scheetz

    Hotel Chelsea’s controversial and much-delayed conversion from a mostly rent-stabilized residential building to an upscale boutique hotel was hit with a stop-work order last month, after former owners the Chetrit Group and David Bistricer requested the cancellation of Department of Buildings permits authorizing the work. [more]

  • Lower Manhattan

    Lower Manhattan

    A substance abuse treatment center’s move to the Financial District has residents concerned about the implications for the community.

    Exponents, an outpatient facility that treats drug and alcohol abusers as well as ex-convicts looking to rehabilitate and those suffering from HIV and AIDS, is relocating from 150 West 26th Street in Chelsea to 2 Washington Street. At a meeting last night, Exponents founder Howard Josepher told Community Board 1’s Financial District committee that escalating rents at the current location had prompted the decision. [more]

  • 247-west-30th

    Steven Kassin and 247 West 30th Street

    Infinity Real Estate and Katz Properties sold a 16-story, 70,200-square-foot Chelsea office building for $31.75 million in an off-market deal, Infinity managing partner Steven Kassin told The Real Deal exclusively.

    Twenty-one office tenants occupy the prewar property at 247 West 30th Street between Seventh and Eighth avenues. Between 2008 and 2010, the building underwent a $5 million renovation including a new lobby, new elevators and new windows. [more]

  • ironstate

    221 West 29th Street and Ironstate’s David Barry

    Hoboken, N.J.-based Ironstate Development plans to build a 15-story apartment complex in Chelsea.

    Architecture firm Goldstein, Hill & West is designing the 152-foot-tall building at 221 West 29th Street — currently a parking lot. There will be 67 units, according to the plan exam application submitted yesterday.  [more]

  • Scott Resnick and a rendering of 551 West 21st Street

    Scott Resnick and a rendering of 551 West 21st Street

    Scott Resnick’s planned condominium development in West Chelsea has just released a new rendering. Development plans for the project at 551 West 21st Street, Resnick’s first under the banner of his firm SR Capital, were first filed in January 2013, as The Real Deal reported.

    Norman Foster is the design architect, while Beyer Blinder Belle is the executive architect on the project and filed the plans with the city Department of Buildings. [more]

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